The union expressed its “sadness and indignation” over the alleged unilateral and arbitrary decision of Ecopetrol’s (NYSE: EC) management to fire National USO director, Rodolfo Vecino.
Colombia’s Central Bank (Banrep) released final 3Q17 Foreign Direct Investment (FDI) figures for the country. This increased in the sector compared to same period last year, but dropped compared to 2Q17. Total FDI grew considerably in Colombia.
Through five different projects in the Caribbean coast and the center of the country, TGI and Promigas could improve Colombia’s gas transportation and supply.
The Colombian Association of Petroleum Engineers (ACIPET) has been defending the sector against the boom of anti-oil referendums. It’s president, Julio Cesar Vera, spoke on this topic.
Mauricio Cárdenas, Minister of Finance (MinHacienda), spoke about current oil prices and its possible benefits in the Colombian economy. Additionally, President Santos spoke about sustainable development to the World Economic Forum in Davos, Switzerland.
Even though the initiative will boost the local economy, some members of El Cedral village, in the municipality of Hato Corozal (Casanare), blocked the access road to Tautaco.
Perhaps the greatest challenges that Colombia will face with the implementation of the peace agreements, is giving more relevance to rural areas that have traditionally been neglected by the State.
The Ministry of Commerce (MinComercio) has contributed more than CoP$8.7B for the development of this initiative.
The oil sector has presence in several regions of the country. Oil production in Colombia showed stable performance during 2017, but which are the main producing municipalities? Here are the top 10 oil producers during last year.
The Colombian Chamber of Goods and Services (Campetrol) reported its drill rig information for December, 2017. This metric decreased compared to November figures, breaking a positive trend of 19 months.
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